Shakti Pumps touches roof on getting letter of empanelment from MSEDCL
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Shakti Pumps is locked its upper circuit limit at Rs. 1108.35, up by 184.70 points or 20.00% from its previous closing of Rs. 923.65 on the BSE.
The scrip opened at Rs. 951.85 and has touched a high and low of Rs. 1108.35 and Rs. 938.05 respectively. So far 82836 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,108.35 on 19-Oct-2023 and a 52 week low of Rs. 380.15 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 1108.35 and Rs. 898.30 respectively. The current market cap of the company is Rs. 1888.10 crore.
The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.86% and 42.93% respectively.
Shakti Pumps (India) has received a letter of empanelment from Maharashtra State Electricity Distribution Company (MSEDCL), for 50,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Maharashtra under Component-B of PM-KUSUM scheme (Phase-III). The total value of the 50,000 pumps is around Rs 1,603 crore (inclusive of GST) which is to be executed over 24 months.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
